Barclays raises BlackRock Bitcoin ETF stake 48%
In short
Barclays raised its stake in BlackRock’s Bitcoin ETF by 48%, and Citigroup reported a new $119 million position in Fidelity’s Bitcoin ETF.
Barclays said its stake was $187 million as of Sept. 30. The moves suggest big banks are still buying into crypto-linked funds.
What the reporting says
Barclays boosted its BlackRock Bitcoin ETF stake by 48%, while Citigroup disclosed a new $119 million position in Fidelity’s Bitcoin ETF, according to a Cointelegraph summary citing Sept. 30 holdings data. Barclays reported a $187 million stake as of that date. The filings point to continued bank exposure to US spot Bitcoin ETFs and broader institutional demand for crypto funds.
Why it matters
Barclays increased its BlackRock Bitcoin ETF stake by 48%, and Citigroup disclosed a new $119 million position in Fidelity’s Bitcoin ETF, based on Sept. 30 holdings data. Barclays reported a $187 million stake. The developments matter because they show major banks adding or expanding exposure to Bitcoin ETFs, which can support institutional sentiment toward crypto investment products.